Funeral cover for over-60s
Can over-60s get funeral cover in South Africa?
Yes. Many insurers offer funeral cover for older people, though the maximum entry age varies and premiums are usually higher, with a waiting period for death from natural causes. Some policies are designed specifically for seniors and pensioners. Check the entry age limit, the waiting period and whether cover continues for life once you have been accepted.
Key takeaways
- Over-60s can usually get funeral cover, subject to a maximum entry age.
- Premiums are higher because older members carry more risk.
- A waiting period for natural-cause death normally applies.
- Some policies are designed specifically for seniors and pensioners.
- Check whether cover continues for life once you are accepted.
Cover is available, within limits
Older South Africans can generally take out funeral cover, and some insurers design policies specifically for seniors and pensioners. The main limit is the maximum entry age, the oldest age at which you can start a policy, which varies between insurers. As long as you are within that age, cover is usually available, which is why arranging it sooner rather than later helps.
Higher premiums and waiting periods
Two things come with cover at an older age. Premiums are higher, because the risk of a claim is greater, and a waiting period for death from natural causes normally applies, sometimes a little longer than for younger members. Accidental death is usually covered immediately. Knowing both upfront helps you judge the real value of a policy.
What to check before you buy
For an over-60 policy, focus on:
- The maximum entry age, so you know you qualify.
- The waiting period and what it applies to.
- Whether cover continues for life once accepted, rather than ending at a set age.
- The premium pattern, since some rise with age and others stay level.
Getting sensible value
Insure for a realistic funeral amount rather than the maximum, since that keeps the premium in check, and consider whether adding the person to a family plan works out better than a standalone policy. Because terms for older members differ a lot between insurers, comparing is especially worthwhile. Compare quotes for the cover you need. This is general information, not financial advice.